For any event that has multiple outcomes with different probabilities, it can be helpful and illustrative to construct a chart or diagram of the possible outcomes. Tree diagrams are a useful example ...

Here, we bring for you another tricky yet important concept to learn. ‘Probability’ is one important topic of Modern mathematics which has the potential to shoot up the scores of a CAT aspirant. Hence ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

• The probability of being struck by a lightning at some point during your lifetime is around 22 times the probability of being attacked by a shark. • The probability of dying from a local meteorite, ...